By Sabrina Valle and Doyinsola Oladipo NEW YORK (Reuters) -Spirit Airlines plans to shrink its fleet by nearly 100 aircraft, nearly half of its fleet, as part of a sweeping bankruptcy restructuring process, CFO Fred Cromer said on Friday during a virtual meeting with creditors. The ultra-low-cost-carrier filed for Chapter 11 bankruptcy protection for the …
(Reuters) -Nearly eight in 10 Americans want Congress to renew enhanced Affordable Care Act tax credits set to expire at year-end, even as lawmakers clash over federal spending, a new Kaiser Family Foundation (KFF) poll said on Friday. The findings come after an impasse between Republican President Donald Trump and congressional Democrats triggered the 15th …
Most Americans back extending ACA tax credits, KFF poll shows Read More »
By Howard Schneider WASHINGTON (Reuters) -With U.S. Bureau of Labor Statistics employees furloughed due to the federal government shutdown, the agency’s website shows a release from Wednesday as its most recent data update instead of the monthly employment report for September that had been scheduled for Friday. But analysts and central bank watchers are churning …
For a jobs day data fix in a US shutdown, here is what the experts are saying Read More »
By Raphael Satter WASHINGTON (Reuters) -Oracle said on Thursday that customers of its E-Business Suite of products “have received extortion emails,” confirming a warning first issued on Wednesday by Alphabet’s Google. In a blog post, the California-based tech company said its investigation found that hackers had made potential use of previously identified software vulnerabilities and urged customers …
Oracle says hackers are trying to extort its customers Read More »
By David French NEW YORK (Reuters) -Chevron is selling a collection of pipeline assets in the Denver-Julesburg shale basin that are likely to fetch more than $2 billion, people familiar with the matter said. Investment bankers at Bank of America have been working in recent weeks to solicit potential interest in the infrastructure, which was …
Exclusive-Chevron puts $2 billion Colorado pipeline assets for sale, sources say Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -A slump in ocean shipping demand since U.S. President Donald Trump imposed a raft of new tariffs on trade partners earlier this year has helped send ocean container rates to their lowest since January 2024, threatening profits at major carriers including Maersk and Hapag-Lloyd. The Drewry World Container Index …
Falling ocean shipping rates put carrier profits at risk, analysts say Read More »
By Michael S. Derby (Reuters) -Federal Reserve Bank of New York President John Williams said Friday that unpredictable change is inevitable and central banks need to be aware of that and have strategies to operate in those environments. Williams’ comments, which came in prepared remarks for an event in Amsterdam, did not address the outlook …
Fed’s Williams says central banks must prepare for the unexpected Read More »
By Howard Schneider PHILADELPHIA (Reuters) -U.S. Federal Reserve Vice Chair Philip Jefferson reiterated on Friday that the U.S. job market could face stress if it is not supported by monetary policy. In remarks prepared for delivery at Drexel University’s LeBow College of Business, Jefferson largely repeated comments from earlier in the week that with inflation …
Fed’s Jefferson repeats job market could face stress without support Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. services sector activity stalled in September amid a sharp slowdown in new orders, while subdued employment added to mounting evidence of sluggish labor market conditions because of sagging demand and supply of workers. The survey from the Institute for Supply Management (ISM) on Friday also showed a measure of …
US services sector growth brakes; prices paid measure edges higher Read More »
(Reuters) -HSBC said gold could trade above $4,000 per ounce in the near term, driven by geopolitical risks, fiscal uncertainties, and threats to the Federal Reserve’s independence. “Rallies can continue into 2026 aided by official sector buying; institutional demand for gold as a diversifier can stay robust,” the bank said in a note dated Friday. …
Gold could trade above $4,000/oz near term, HSBC says Read More »
